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Charter Communications says Disney declined distribution proposal

2023-09-01 20:17
Charter Communications said on Friday Walt Disney Co declined its proposal for a distribution agreement and pulled video
Charter Communications says Disney declined distribution proposal

Charter Communications said on Friday Walt Disney Co declined its proposal for a distribution agreement and pulled video channels from its cable service, in a move that will impact the cable operator's earnings.

Charter said it was paying about $2.2 billion in annual programming costs to Disney, excluding the impact of

advertising revenue for both parties.

Disney did not immediately respond to Reuters' request for a comment.

(Reporting by Chavi Mehta in Bengaluru)